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5/26/23 8:37 AM
Rate Indications
 To take down an advance, login to eBanking or contact the Member Transaction Desk : 
855-345-2244, Option 1
 Today's Headlines   Market Rates 
In observance of Memorial Day, on Friday, May 26, 2023, term advances close at 1 p.m.; and overnight and open line advances close at 3 p.m. On Monday, May 29, 2023, advances will be closed.

S.A.V.E. Advance Special (until October 31, 2023): A one-time 10bp discount on up to $5mm of either an A121 Fixed Rate, Fixed Term or A300 SOFR Floater advance between 1-3 years.  Must call the Member Transaction Desk and mention the S.A.V.E. Advance to execute.  Visit our Solutions page on fhlbc.com for Terms and Conditions.

Advance Discount Specials (until June 30, 2023): 5 bps discount on qualifying fixed rate fixed term advances, callable fixed rate, and amortizers. Visit our Solutions page on fhlbc.com for Terms and Conditions. 

Early bird discounts, all before 10:00 a.m.: (1) Available on A120 (<= 27 days) advances, additional volume discounts may be available; (2) 1-month (no minimum at 5.30%) and 3-month (no minimum at 5.47%) A121 advances. To execute, please call the Member Transaction Desk before 10:00 a.m.

 Term   Treasury   Swaps   Fixed Rate Advances 
2 years 4.58% 4.50% 4.81%
5 years 3.95% 3.76% 4.21%
7 years 3.89% 3.64% 4.37%
10 years 3.83% 3.57% 4.51%
 FHLBC Deposit Rates^ 
DID (yesterday) 4.91832% ^Call for term deposit rates.
 Fixed Rate Advances   Fixed Rate Callable Advances (Call Option Owned by Member) 
Term Community Advances Regular Advances All-in After Dividend* Forward-Starting  Term   Lockout   Bermudan   All-in After Dividend*   Option Cost 
 1 week    5.21% 5.09% Advances settle one year forward from today and then have stated term to maturity  2 years  6 months 5.83% 5.71% 1.02%
 2 weeks  5.22% 5.10%  2 years  1 year 5.50% 5.38% 0.70%
 3 weeks  5.26% 5.14%  3 years  6 months 5.94% 5.82% 1.48%
 1 month  5.21% 5.32% 5.20%  3 years  1 year 5.57% 5.45% 1.10%
 3 months  5.38% 5.49% 5.37%  5 years  6 months 6.07% 5.95% 1.86%
 6 months  5.46% 5.57% 5.45%  5 years  1 year 5.71% 5.59% 1.50%
 9 months  5.41% 5.52% 5.40%    5 years  2 year 5.08% 4.96% 0.87%
 1 year  5.27% 5.37% 5.25% 4.21%  7 years  1 year 5.97% 5.85% 1.59%
 1.5 years  4.95% 5.05% 4.93% 4.03%  7 years  2 years 5.49% 5.37% 1.12%
 2 years  4.70% 4.81% 4.69% 3.97%  10 years  2 years 5.73% 5.61% 1.22%
 2.5 years  4.48% 4.59% 4.47% 3.95%  10 years  3 years 5.55% 5.43% 1.04%
 3 years  4.36% 4.46% 4.34% 3.94%  10 years  5 years 5.25% 5.13% 0.74%
 3.5 years  4.27% 4.37% 4.25% 3.91%  15 years  5 years 5.60% 5.48% 0.76%
 4 years  4.22% 4.33% 4.21% 3.89%  Fixed Rate Putable Advances (Call Option Owned by FHLBC) 
 4.5 years  4.15% 4.25% 4.13% 4.01%  Term   Lockout   European   All-in After Dividend*   Option Value 
 5 years  4.10% 4.21% 4.09% 4.13%  3 years  6 months 4.00% 3.88% -1.56%
 6 years  4.26% 4.36% 4.24% 4.17%  5 years  6 months 3.61% 3.49% -1.96%
 7 years  4.27% 4.37% 4.25% 4.30%  7 years  6 months 3.47% 3.35% -2.10%
 10 years  4.41% 4.51% 4.39% 4.46%  10 years  6 months 3.42% 3.30% -2.15%
 15 years  Call for availability 4.84% 4.72%    3 years  1 year 4.14% 4.02% -1.23%
 20 years  5.12% 5.00%    5 years  1 year 3.71% 3.59% -1.66%
 30 years  5.16% 5.04%    7 years  1 year 3.57% 3.45% -1.80%
   10 years  1 year 3.47% 3.35% -1.90%
 5 years  2 years 3.82% 3.70% -0.99%
 Amortizing Advances   7 years  2 years 3.62% 3.50% -1.19%
  Amortization Term  10 years  2 years 3.52% 3.40% -1.29%
Term 5 years 7 years 10 years 15 years  7 years  3 years 3.67% 3.55% -0.79%
 5 years  4.54% 4.42% 4.36% 4.32%  10 years  5 years 3.91% 3.79% -0.29%
 7 years  n/a 4.47% 4.46% 4.45%  Term   Lockout   Bermudan   All-in After Dividend*   Option Value 
 10 years  n/a n/a 4.51% 4.54%  5 years  6 months 3.36% 3.24% -2.21%
Term 15 years 20 years 25 years 30 years  7 years  6 months 3.09% 2.97% -2.48%
 15 years  4.67% 4.78% 4.82% 4.85%  10 years  3 months 2.75% 2.63% -2.74%
 20 years 
n/a 4.88% 5.01% 5.07%  7 years  1.24% 0.02% 1.26% 0.32%
 30 years  n/a n/a n/a 5.10%    10 years  1.55% 0.02% 1.58% 0.32%
                     
                     
 Floating Rate Advances 
 Discount Note Floater Advances     SOFR Index Floater Advances 
  Non-Prepayable Prepayable (on reset dates)^  Index / Rate Indic.   Term   Prior Index   Spread   Prior Day Rate 
 Term**   Spread to 4WK   Spread to 13WK   Spread to 4WK   Spread to 13WK  SOFR 3 Months 5.06% 0.22% 5.27%
 3 months  0.36% n/a 0.42% n/a SOFR 6 Months 5.06% 0.25% 5.30%
 6 months  0.40% 0.27% 0.46% 0.33%   SOFR 9 Months 5.06% 0.27% 5.31%
 1 year  0.52% 0.45% 0.64% 0.52% SOFR 1 Year 5.06% 0.29% 5.33%
 2 years  0.64% 0.53% 0.66% 0.55% SOFR 18 Months 5.06% 0.32% 5.37%
 3 years  0.68% 0.58% 0.70% 0.60% SOFR 2 Years 5.06% 0.34% 5.40%
 4 years  0.77% 0.66% 0.79% 0.68% SOFR 3 Years 5.06% 0.44% 5.47%
 5 years  0.78% 0.67% 0.80% 0.69% SOFR 4 Years 5.06% 0.51% 5.55%
Prior Index 4 week 5.077% 13 week 5.327% SOFR 5 Years 5.06% 0.51% 5.55%
 ^Prepayable at par with 1 day notice. **Please call for terms between 5 years and 10 years, or for 26 week index.  SOFR 6 Years 5.06% 0.74% 5.79%
 Overnight Discount Note Floater**  SOFR 7 Years 5.06% 0.80% 5.86%
 Term^     Prior Index   Spread   Prior Day Rate  SOFR 8 Years 5.06% 0.92% 5.98%
<= 3 Months 4.766% 0.394% 5.210% SOFR 9 Years 5.06% 0.97% 6.02%
 ^Prepayable same day before 3:00PM. **Please call for additional terms not listed above.  SOFR 10 Years 5.06% 0.99% 6.05%
 Overnight Advances 
 Term     Minimum   Today   Prior Day 
1 Day   No minimum 5.18% 5.18%
Open Line (Daily Rate Set)# No minimum 5.41% 5.41%
#Rate set at and available until 3:00 pm; Late Day Advances may be available until 4:30 pm by calling 855-345-2244, Option 1.